Climate change, economic security, and macroeconomic stability: Insights from the EU
This research examines the impact of climate change risks on the macroeconomic situation and the security of the economic system in the EU-27 during the 2002-2020 period. By employing methodologies such as the Ordinary Least Squares and Principal Component Analysis, the study evaluates the interrela...
Saved in:
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2025-01-01
|
| Series: | BIO Web of Conferences |
| Online Access: | https://www.bio-conferences.org/articles/bioconf/pdf/2025/06/bioconf_10thiccc_06001.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832098581414150144 |
|---|---|
| author | Lobonț Oana-Ramona Vătavu Sorana Nicolescu Ana-Cristina Trip Andrei Costea Florin |
| author_facet | Lobonț Oana-Ramona Vătavu Sorana Nicolescu Ana-Cristina Trip Andrei Costea Florin |
| author_sort | Lobonț Oana-Ramona |
| collection | DOAJ |
| description | This research examines the impact of climate change risks on the macroeconomic situation and the security of the economic system in the EU-27 during the 2002-2020 period. By employing methodologies such as the Ordinary Least Squares and Principal Component Analysis, the study evaluates the interrelationship between Climate Change Risk (CCR), Macroeconomic Situation (MS), and Economic System Security (ESS). The research develops composite indicators to analyse these phenomena in detail, while results reveal significant variations in CCR, MS, and ESS among EU member states, indicating a heterogeneous response to climate risks and economic stability and highlighting the need for differentiated policy approaches. Our research contributes to understanding the impacts of climate change on economic structures by providing insights into policy formulation and strategic planning to strengthen economic resilience and emphasising the need for an interdisciplinary approach that connects climate variables with economic indicators. The strategic alignment at national levels supports global sustainability efforts and ensures a unified and effective response to climate risks within the European economic system. |
| format | Article |
| id | doaj-art-16d938ccc89241afbf99541a6ac5b0bb |
| institution | Kabale University |
| issn | 2117-4458 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | BIO Web of Conferences |
| spelling | doaj-art-16d938ccc89241afbf99541a6ac5b0bb2025-02-05T10:43:24ZengEDP SciencesBIO Web of Conferences2117-44582025-01-011550600110.1051/bioconf/202515506001bioconf_10thiccc_06001Climate change, economic security, and macroeconomic stability: Insights from the EULobonț Oana-Ramona0Vătavu Sorana1Nicolescu Ana-Cristina2Trip Andrei3Costea Florin4Department of Finance, Business Information Systems and Modelling, Faculty of Economics and Business Administration, West University of TimisoaraDepartment of Finance, Business Information Systems and Modelling, Faculty of Economics and Business Administration, West University of TimisoaraDepartment of Finance, Business Information Systems and Modelling, Faculty of Economics and Business Administration, West University of TimisoaraPh.D. Student, Doctoral School of Economics and Business Administration, West University of TimisoaraPostdoctoral Researcher, Doctoral School of Economics and Business Administration, West University of TimisoaraThis research examines the impact of climate change risks on the macroeconomic situation and the security of the economic system in the EU-27 during the 2002-2020 period. By employing methodologies such as the Ordinary Least Squares and Principal Component Analysis, the study evaluates the interrelationship between Climate Change Risk (CCR), Macroeconomic Situation (MS), and Economic System Security (ESS). The research develops composite indicators to analyse these phenomena in detail, while results reveal significant variations in CCR, MS, and ESS among EU member states, indicating a heterogeneous response to climate risks and economic stability and highlighting the need for differentiated policy approaches. Our research contributes to understanding the impacts of climate change on economic structures by providing insights into policy formulation and strategic planning to strengthen economic resilience and emphasising the need for an interdisciplinary approach that connects climate variables with economic indicators. The strategic alignment at national levels supports global sustainability efforts and ensures a unified and effective response to climate risks within the European economic system.https://www.bio-conferences.org/articles/bioconf/pdf/2025/06/bioconf_10thiccc_06001.pdf |
| spellingShingle | Lobonț Oana-Ramona Vătavu Sorana Nicolescu Ana-Cristina Trip Andrei Costea Florin Climate change, economic security, and macroeconomic stability: Insights from the EU BIO Web of Conferences |
| title | Climate change, economic security, and macroeconomic stability: Insights from the EU |
| title_full | Climate change, economic security, and macroeconomic stability: Insights from the EU |
| title_fullStr | Climate change, economic security, and macroeconomic stability: Insights from the EU |
| title_full_unstemmed | Climate change, economic security, and macroeconomic stability: Insights from the EU |
| title_short | Climate change, economic security, and macroeconomic stability: Insights from the EU |
| title_sort | climate change economic security and macroeconomic stability insights from the eu |
| url | https://www.bio-conferences.org/articles/bioconf/pdf/2025/06/bioconf_10thiccc_06001.pdf |
| work_keys_str_mv | AT lobontoanaramona climatechangeeconomicsecurityandmacroeconomicstabilityinsightsfromtheeu AT vatavusorana climatechangeeconomicsecurityandmacroeconomicstabilityinsightsfromtheeu AT nicolescuanacristina climatechangeeconomicsecurityandmacroeconomicstabilityinsightsfromtheeu AT tripandrei climatechangeeconomicsecurityandmacroeconomicstabilityinsightsfromtheeu AT costeaflorin climatechangeeconomicsecurityandmacroeconomicstabilityinsightsfromtheeu |